CCAD-144 (Insert) / Rev 2019.01 Pg 1 of 2
B
usiness Personal Property Rendition
IMPORTANT INFORMATION
GENERAL INSTRUCTIONS: This form is for use in rendering, pursuant
to Tax Code §22.01, tangible personal property used for the
production of income that you own or manage and control as a
fiduciary on January 1 of this year.
FILING AND DEADLINES: Rendition statements and property reports
must be delivered to the chief appraiser after January 1 and not later
than April 15, except as provided by Tax Code §22.02. On written
request by the property owner, the chief appraiser shall extend a
deadline for filing a rendition statement or property report to May 15;
this request must be received by April 15. The chief appraiser may
further extend the deadline an additional 15 days upon good cause
shown in writing by the property owner.
TERMINATED EXEMPTIONS: Pursuant to Tax Code §22.02, if an
exemption applicable to a property on January 1 terminates during
the tax year, the person who owns or acquires the property on the
date applicability of the exemption terminates shall render the
property for taxation within 30 days after the date of termination. If
the chief appraiser denies an application for an exemption for
property subject to rendition pursuant to Tax Code §22.01(a), the
person who owns the property on the date the application is denied
shall render the property for taxation in the required manner within
30 days after the date of denial.
INSPECTION OF PROPERTY: Pursuant to Tax Code §22.07, the chief
appraiser or an authorized representative may enter the premises of
a business, trade, or profession and inspect the property to determine
the existence and market value of tangible personal property used for
the production of income and having a taxable situs in the district.
REQUEST FOR STATEMENT REGARDING VALUE: Pursuant to Tax
Code §22.07, the chief appraiser may request, either in writing or by
electronic means, that the property owner provide a statement
containing supporting information indicating how value rendered was
determined. The property owner must deliver the statement to the
chief appraiser, either in writing or by electronic means, not later than
the 21st day after the date the chief appraiser’s request is received.
The statement must:
(1) summarize information sufficient to identify the property,
including:
(A) the physical and economic characteristics
relevant to the opinion of value, if appropriate;
and
(B) the source of the information used;
(2) state the effective date of the opinion of value; and
(3) explain the basis of the value rendered.
Failure to comply in a timely manner is considered to be a failure to
timely render and the Tax Code requires that penalties be applied by
the chief appraiser.
PENALTIES: The chief appraiser must impose a penalty on a person
who fails to timely file a required rendition statement or property
report in an amount equal to 10 percent of the total amount of taxes
imposed on the property for that year by taxing units participating in
the appraisal district. The chief appraiser must impose an additional
penalty on the person equal to 50 percent of the total amount of
taxes imposed on the property for the tax year of the statement or
report by the taxing units participating in the appraisal district if it is
finally determined by a court that:
(1) the person filed a false statement or report with the intent
to commit fraud or to evade the tax; or
(2) the person alters, destroys, or conceals any record,
document, or thing, or presents to the chief appraiser any
altered or fraudulent record, document, or thing, or
otherwise engages in fraudulent conduct, for the purpose
of affecting the course or outcome of an inspection,
investigation, determination, or other proceeding before
the appraisal district.
SPECIAL INSTRUCTIONS: Certain dealers of motor vehicle inventory
may elect to file renditions under Tax Code Chapter 22, rather than
file declarations and tax statements under Tax Code Chapter 23. Tax
Code §23.121(a)(3) allows a dealer to make this election if it (1) does
not sell motor vehicles that are self-propelled and designed to
transport persons or property on a public highway; (2) meets either
of the following two requirements: (a) the total annual sales from the
inventory, less sales to dealers, fleet transactions, and subsequent
sales, for the preceding tax year are 25% or less of the dealer’s total
revenue from all sources during that period, or (b) the dealer did not
sell a motor vehicle to a person other than another dealer during the
preceding tax year and the dealer estimates that the dealer’s total
annual sales from the dealer’s motor vehicle inventory, less sales to
dealers, fleet transactions, and subsequent sales, for the 12-month
period corresponding to the current tax year will be 25% or less of the
dealer’s total revenue from all sources during that period; (3) files
with the chief appraiser and the tax collector by August 31 of the tax
year preceding January 1 on a form prescribed by the comptroller a
declaration that the dealer elects not to be treated as a dealer under
Tax Code §23.121 in the current tax year; AND (4) renders the dealer’s
motor vehicle inventory in the current tax year by filing a rendition
with the chief appraiser in the manner provided by Tax Code Chapter
22. A dealer who makes this election must file the declaration
annually with the chief appraiser and the tax collector by August 31
of the preceding tax year, so long as the dealer meets the eligibility
requirements of law.
A dealer of heavy equipment inventory may render its inventory by
filing a rendition statement or property report as provided by Tax
Code Chapter 22. If the dealer files a rendition, the dealer is not
considered to be a dealer as defined by Tax Code §23.1241(a)(1). A
heavy equipment inventory dealer has the option to render or to file
declarations and tax statements, without filing additional
declarations with the chief appraiser or tax collector.
